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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 771,757 $ 1,216,893
Restricted cash 800,000 150,000
Accounts receivable, net 9,203,334 4,070,576
Inventories 16,504,840 7,440,350
Deposits on inventory purchases 0 1,830
Prepaid expenses and other current assets 399,119 267,908
Total current assets 27,679,050 13,147,557
Equipment, net 455,066 303,099
Operating lease right-of-use assets, net 86,948 102,716
Goodwill 58,872 0
Intangible assets, net 388,629 0
Other assets 942,404 349,335
Total assets 29,610,969 13,902,707
Current liabilities    
Accounts payable 11,744,834 5,024,529
Current maturities of long-term debt 2,507,471 0
Current maturities of operating lease liabilities 65,651 102,716
Accrued other expenses 7,465,063 2,666,471
Total current liabilities 21,783,019 7,793,716
Long term debt, less current maturities 15,245 0
Operating lease liabilities, less current maturities 22,235 0
Total liabilities 21,820,499 7,793,716
Commitments and contingencies (Note 6)
Stockholders' equity    
Common stock: Authorized: 40,000,000 shares at $0.01 par value; Issued and outstanding: 35,074,922 shares and 20,929,928 shares at December 31, 2020 and 2019, respectively 350,749 209,299
Additional paid-in capital 64,526,664 46,496,330
Accumulated deficit (57,086,943) (40,596,638)
Total stockholders' equity 7,790,470 6,108,991
Total liabilities and stockholders' equity $ 29,610,969 $ 13,902,707